wazzuFreddo
WuTang is 4 the children
lol, they need to defer at least two decades of maintenance to pay out investors and executives before they do that tho :laughing
Should the Federal government help Texans hit by extremely high energy bills?
- Thread starter Climber
- Start date
lol, they need to defer at least two decades of maintenance to pay out investors and executives before they do that tho :laughing
Eldritch
is insensitive
They been doing maintenance? Bitch ass bitches, that ain't Gangsta. :x
Johndicezx9
Rolls with it...
The death toll's still going up....
You could give us your readers digest version.
We aren't talking about PG&E here!
JesasaurusRex
Deleted User
wazzuFreddo
WuTang is 4 the children
You could give us your readers digest version.
It is sold mostly as the power to chose to let market forces dictate the energy price, and that price is tied really close to natural gas markets since that is the dominant energy source in ERCOT. So much so that when I was building wind farms we would enter into a natural gas hedge to make up for not being able to enter into a PPA (power purchase agreement) with a utility. Natural gas pipelines freezing were part of the driver behind price spikes, I hear they are also looking into some of the market signal systems that they use in forward markets. We will see how that shakes out.
But since ERCOT lacks links to other interconnections, they can't import energy from other areas. For example here in California, if there is a shortage in the CAISO market the ISO can import energy from the SMUD control area, the southwest or the northwest to make up for the reserve shortfall. Texas can't do that.
Also, we have cheaper hydro power in the NW to thank for at least a little bit of downward pressure on our utility bills. Not a ton due to there being physical limitations of the intertie between here and the NW but still more than there would be if those links didn't exist.
I work in a completely different industry now. Still power stuff, just not for a utility or a generator.
JesasaurusRex
Deleted User
I just don't understand the point. There's only one transmission and utility provider in my area. Why the f*ck are there 10 different companies I can purchase that power from that singular provider from?
They pretty much put in place a bunch of middle men for the sake of competitiveness when all the power is still coming from the same place.
Correct me if i'm wrong wazzu, ur wheel house for sure.
They pretty much put in place a bunch of middle men for the sake of competitiveness when all the power is still coming from the same place.
Correct me if i'm wrong wazzu, ur wheel house for sure.
wazzuFreddo
WuTang is 4 the children
Physically, yes. Contractually no.
Sure you may be getting the actual electrons from the natural gas plant up the road but you could have a contract for a purchase of wind power up in the panhandle that is physically used somewhere between there and Houston.
It is a sort of a shell game with multiple middle men. Kind of like my internet provider, I pay sonic.net for the service but they buy it in bulk off of AT&T, use AT&T infrastructure and layer their own T&C/Customer Service on top.
Karbon
Hyper hoñorary
on that rugged individualism bullshit. God i hope this isn't real.
https://i.redd.it/z3pyttvtv0j61.jpg
I mean a lot of it is
https://www.npr.org/sections/live-u...-texas-residents-now-face-huge-electric-bills
https://i.redd.it/z3pyttvtv0j61.jpg
I mean a lot of it is
https://www.npr.org/sections/live-u...-texas-residents-now-face-huge-electric-bills
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JesasaurusRex
Deleted User
on that rugged individualism bullshit. God i hope this isn't real.
https://i.redd.it/z3pyttvtv0j61.jpg
I mean a lot of it is
https://www.npr.org/sections/live-u...-texas-residents-now-face-huge-electric-bills
Ya, def send that shit to collections at 70yo lmao. I'd probably send that shit to collections just on principle. Then again, if you're not smart enough to get on a fixed plan then you're not smart enough to do the above either.
wazzuFreddo
WuTang is 4 the children
Yeh, if you live in Texas, turn off the auto pay on your utilities for sure.
It's way easier to say "I'm not paying" than it is to try and get your money back.
It's way easier to say "I'm not paying" than it is to try and get your money back.
buellistic
Well-known member
This..its there fault..
Killroy1999
Well-known member
"Customers on certain types of plans will be devastated, but almost all of our customers are on fixed plans, which will see a small increase for the month,"
I wonder what "most" mean?
You think that with the power of the free market and deregulation the energy companies would be encouraged to be ready to capitalize on the high energy rates. Nope. They suck.
I wonder what "most" mean?
You think that with the power of the free market and deregulation the energy companies would be encouraged to be ready to capitalize on the high energy rates. Nope. They suck.
as a current texan (fixed rate), there were a lot of people affected and hurt by this that I personally know - not just bill relate. They aren't all the ideology everyone is touting here. Not helping innocent people to make a political point seems kinda dumb. If there were a way for the feds to force abbot and his cronies to pay up, I'd be all for it.
also fyi -
Electric Reliability Council of Texas which is in charge of this whole fiasco has like 5 board members who dont even live in texas, with one being in canada.. if that tells you about how things are run in abbots kingdom.
also fyi -
Electric Reliability Council of Texas which is in charge of this whole fiasco has like 5 board members who dont even live in texas, with one being in canada.. if that tells you about how things are run in abbots kingdom.
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berth
Well-known member
The fundamental issue is that, regardless of the contract, I doubt anyone, the consumers or the producers, had any inkling this would happen.
This is a computer managed price spike. Everybody woke up that morning with a whole lot of WTH spread on their toast. I'm curious if anyone had the option to cap the price they would pay, or if that was even a feature offered by the company.
The company just passed it through, as is their obligation.
But it's wrong on all levels.
This is a computer managed price spike. Everybody woke up that morning with a whole lot of WTH spread on their toast. I'm curious if anyone had the option to cap the price they would pay, or if that was even a feature offered by the company.
The company just passed it through, as is their obligation.
But it's wrong on all levels.
I think this is what people are missing.This isn't people gambling on fixed rates and paying double, or even triple for bad weather - we're talking 10,000% rate spikes in a state of emergency.
wazzuFreddo
WuTang is 4 the children
To be clear, I don’t want a bailout to be the feds covering people bills but canceling them out or setting them at something reasonable.
The energy companies billing those rates shouldn’t get a penny of the overages.
The energy companies billing those rates shouldn’t get a penny of the overages.
Killroy1999
Well-known member
I'm sure the are plenty of memes making fun of CA last summer.
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